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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

Net lease  

Definition 1.

A lease arrangement under which the lessee is responsible for all property taxes, maintenance expenses, insurance, and other costs associated with keeping the asset in good working condition.
 

Definition 2.

A property lease in which the lessee agrees to pay all expenses which are normally associated with ownership, such as utilities, repairs, insurance and taxes. also called closed-end lease.
 
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